Central regions | Technology & innovation | Finance, business

Pangaea Ventures’ $20m Skolkovo plan aired

26 Aug '11
As part of a newly signed agreement with Russia’s Skolkovo Foundation US-Canadian VC fund Pangaea Ventures is expected to fund $20m worth of projects residing in the RF’s most touted ‘science city’ of Skolkovo outside Moscow, RIA Novosti reports, citing a Skolkovo Foundation press release.

According to Alexei Beltyukov, vice-president and director for development and planning of the Skolkovo Foundation, Pangaea Ventures’ international investment expertise and its sizable project portfolio “give Skolkovo hope for efficient and lasting cooperation with the VC fund.”

Pangaea Ventures reportedly focuses on ‘clean tech’ and innovative materials projects and nanotech programs.

The Skolkovo innovation center (‘science city’) is designed to become the largest ‘test bench’ for Russia’s new economic policy. On a specially dedicated area outside Moscow Russian authorities are hoping to set up a unique environment for research and development in the fields of energy and energy-efficient technology and the nuclear, aerospace, biomed and IT sectors.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content

Locations: Moskovskaya oblast

Tags: projects (61) / agreement (37) / Skolkovo Foundation (35) / Pangaea Ventures (0) /

Latest News: Central regions
22 May '20 | Technology & innovation
22 May '20 | Technology & innovation
22 May '20 | Technology & innovation

Feature stories

21 May '20
Russian and Italian researchers have developed a...
5 Apr '20
To extend the service life of medical fabric masks—an...
26 Feb '20
A Russian developer has come up with its own...
Search (News archive - 21984)

World of the Future, World of AI

Luc Jones: A Guide to Doing Business in Russia and the CIS Countries
Why Russians Don't Smile
Marchmont News

Latest News

22 May '20
The Russian Cabinet is mulling over possible...
20 May '20
Sberbank, Visa and a Russian retail partner are about...
19 May '20
A beta-version of Russia’s first banking app to help...

Most read stories from last week

22 May '20
SensoMed, a resident of the Skolkovo Foundation's...
22 May '20
The Russian Cabinet is mulling over possible...